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Black Money and Tax Havens
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Just how much black money is there in India?
Estimates vary from 10 per cent to 20 per cent of our GDP. Conservatively, Rs 15 lakh crore (10 per cent of Rs 150 lakh crore, our GDP in 2016-17).
As for Indian money in tax havens around the world? Around Rs 65 lakh crore. Truly astounding figures.
Black money or kala dhan is a topic that has elicited much debate in recent times. This has been mostly marked by mudslinging and name-calling, and the discussions that have ensued often have no basis i...
Estimates vary from 10 per cent to 20 per cent of our GDP. Conservatively, Rs 15 lakh crore (10 per cent of Rs 150 lakh crore, our GDP in 2016-17).
As for Indian money in tax havens around the world? Around Rs 65 lakh crore. Truly astounding figures.
Black money or kala dhan is a topic that has elicited much debate in recent times. This has been mostly marked by mudslinging and name-calling, and the discussions that have ensued often have no basis i...